Ingalls & Snyder LLC Lowers Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Ingalls & Snyder LLC lowered its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 3.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 12,258 shares of the semiconductor company’s stock after selling 500 shares during the period. Ingalls & Snyder LLC’s holdings in Texas Instruments were worth $1,573,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TXN. State Street Corp boosted its position in Texas Instruments by 0.3% in the 3rd quarter. State Street Corp now owns 39,552,319 shares of the semiconductor company’s stock valued at $5,111,742,000 after buying an additional 125,878 shares during the period. Nuveen Asset Management LLC boosted its position in Texas Instruments by 16,895.4% in the 2nd quarter. Nuveen Asset Management LLC now owns 7,969,808 shares of the semiconductor company’s stock valued at $914,615,000 after buying an additional 7,922,914 shares during the period. UBS Asset Management Americas Inc. boosted its position in Texas Instruments by 13.6% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 4,361,455 shares of the semiconductor company’s stock valued at $500,521,000 after buying an additional 522,537 shares during the period. Alecta Pensionsforsakring Omsesidigt boosted its position in Texas Instruments by 4.9% in the 3rd quarter. Alecta Pensionsforsakring Omsesidigt now owns 4,304,000 shares of the semiconductor company’s stock valued at $556,249,000 after buying an additional 200,000 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in Texas Instruments by 6.0% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,825,061 shares of the semiconductor company’s stock valued at $494,351,000 after buying an additional 215,695 shares during the period. 85.04% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments stock opened at $129.17 on Thursday. The stock has a market cap of $121.52 billion, a P/E ratio of 23.83, a price-to-earnings-growth ratio of 2.58 and a beta of 1.21. The company has a fifty day simple moving average of $126.24 and a 200-day simple moving average of $123.65. Texas Instruments Incorporated has a 12-month low of $94.81 and a 12-month high of $132.20. The company has a current ratio of 4.34, a quick ratio of 3.32 and a debt-to-equity ratio of 0.59.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.42 by $0.07. Texas Instruments had a net margin of 35.10% and a return on equity of 58.00%. The business had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.82 billion. During the same period in the previous year, the company earned $1.56 EPS. The company’s revenue for the quarter was down 11.5% on a year-over-year basis. As a group, sell-side analysts forecast that Texas Instruments Incorporated will post 4.94 earnings per share for the current fiscal year.

TXN has been the subject of several recent research reports. Morgan Stanley raised their price target on shares of Texas Instruments from $109.00 to $119.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. UBS Group raised their price target on shares of Texas Instruments from $100.00 to $110.00 and gave the company a “sell” rating in a research report on Wednesday, October 23rd. SunTrust Banks decreased their price target on shares of Texas Instruments from $133.00 to $122.00 and set a “hold” rating for the company in a research report on Wednesday, October 23rd. Deutsche Bank decreased their price target on shares of Texas Instruments from $120.00 to $115.00 and set a “hold” rating for the company in a research report on Wednesday, October 23rd. Finally, BidaskClub raised shares of Texas Instruments from a “sell” rating to a “hold” rating in a research report on Saturday, December 7th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the company. Texas Instruments currently has a consensus rating of “Hold” and a consensus target price of $121.38.

In related news, VP Ahmad Bahai sold 1,550 shares of Texas Instruments stock in a transaction on Friday, November 15th. The shares were sold at an average price of $117.99, for a total transaction of $182,884.50. Following the sale, the vice president now directly owns 25,354 shares in the company, valued at approximately $2,991,518.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Hagop H. Kozanian sold 5,383 shares of Texas Instruments stock in a transaction on Friday, November 8th. The stock was sold at an average price of $119.51, for a total transaction of $643,322.33. Following the sale, the vice president now owns 41,839 shares in the company, valued at $5,000,178.89. The disclosure for this sale can be found here. 0.89% of the stock is owned by company insiders.

About Texas Instruments

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.

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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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